Interest Only Home Loans and Investment Loans
Our Interest Only Investment Loan allows you to make interest only payments on your loan rather than principal and interest repayments. You can select an interest only period of up to 5 years with your choice of either a variable or a fixed rate term of 1, 3, or 5 years.
If you choose a variable rate, you can switch to a fixed rate loan at any time free of charge.
- Genuine, low fixed and variable interest rates
- No application fees or ongoing account keeping fees
- No fees to fix, split or top up your loan
- Monthly interest only payments for up to 5 years (reverting to principal and interest at the end of the interest only period)
- Free Phone and Internet Banking services
- Loan amounts from $40,000 (Tasmania from $20,000)
- Borrow up to 95% of the property valuation
- A personal mobile banking manager can come to your home or workplace
By choosing this product you can significantly reduce your repayment commitments by paying interest only, rather than principal and interest repayments, for a period of up to five years. It is important to note that this is a product for investment purposes only.
You may borrow up to 95% against the value of an investment property and no deposit is required if you have sufficient equity in an existing residential property that can be used as additional security for the loan.
Fees and charges apply. Terms and conditions available on request. Applications are subject to credit approval.
Related Links
Home loan tools
Repayment Calculators
Other tools
Contact ME
- Product Enquiries
-
Personal Ph 13 15 63 ME Contact Centre open
Mon - Fri: 8am - 8pm,
Sat: 9am - 5pm (EST)Business Ph 1300 658 108 ME Business Contact Centre open
Mon - Fri: 9am - 5pm (EST) - Existing Customers
-
Personal Ph 1300 654 998 ME Contact Centre open
Mon - Fri: 8am - 8pm,
Sat: 9am - 5pm (EST)Business Ph 1300 658 108 ME Business Contact Centre open
Mon - Fri: 9am - 5pm (EST) - Phone Banking
-
Personal Ph 1300 654 998 Business Ph 1300 658 108